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Urgent: FTSE 100 jumps as Conservatives set to form majority government

Xinhua, May 8, 2015 Adjust font size:

As Britain's Conservative Party is expected to win more than half of the 650 seats at the House of Commons, FTSE 100 Index, British benchmark stock market gauge, jumped substantially at opening Friday.

The index increased by 1.71 percent, or 117.62 points, to 7004.57, in early trade, sharply contrast to the 0.67 percent drop a day earlier as investors were cautious on the election outcome.

According to the results from individual constituencies that released at 0900 GMT, British Prime Minister David Cameron's Conservatives have already secured 315 seats out of 630 seats. Twenty more seats are expected to be declared afterward.

BBC forecasts that the Conservatives are hopefully to win 328 seats, enough to form a "slender majority" in the Commons. Endi